Hewlett Packard Enterprise Company $HPE Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia boosted its position in Hewlett Packard Enterprise Company (NYSE:HPE) by 43.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,075,467 shares of the technology company’s stock after acquiring an additional 328,125 shares during the period. Bank of Nova Scotia owned about 0.08% of Hewlett Packard Enterprise worth $21,993,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its position in shares of Hewlett Packard Enterprise by 3,847.1% in the second quarter. Assenagon Asset Management S.A. now owns 8,831,262 shares of the technology company’s stock valued at $180,599,000 after purchasing an additional 8,607,523 shares during the period. Schroder Investment Management Group boosted its stake in Hewlett Packard Enterprise by 192.4% in the 2nd quarter. Schroder Investment Management Group now owns 10,599,242 shares of the technology company’s stock worth $216,754,000 after buying an additional 6,974,083 shares during the last quarter. Norges Bank purchased a new stake in Hewlett Packard Enterprise in the 2nd quarter valued at about $110,093,000. Mizuho Markets Cayman LP acquired a new position in shares of Hewlett Packard Enterprise during the 2nd quarter valued at about $105,700,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Hewlett Packard Enterprise by 45.6% during the 1st quarter. AQR Capital Management LLC now owns 12,521,303 shares of the technology company’s stock worth $193,078,000 after acquiring an additional 3,922,516 shares during the period. Hedge funds and other institutional investors own 80.78% of the company’s stock.

Analysts Set New Price Targets

HPE has been the subject of a number of recent analyst reports. Sanford C. Bernstein assumed coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, September 16th. They issued a “market perform” rating and a $24.00 target price for the company. UBS Group boosted their price objective on shares of Hewlett Packard Enterprise from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Wells Fargo & Company increased their target price on Hewlett Packard Enterprise from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 4th. Barclays boosted their price target on Hewlett Packard Enterprise from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Finally, Susquehanna raised their price objective on Hewlett Packard Enterprise from $16.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.25.

Insider Activity

In related news, Director Gary M. Reiner sold 40,000 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $24.58, for a total transaction of $983,200.00. Following the completion of the sale, the director directly owned 83,869 shares of the company’s stock, valued at approximately $2,061,500.02. This trade represents a 32.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John F. Schultz sold 84,676 shares of Hewlett Packard Enterprise stock in a transaction on Monday, December 8th. The stock was sold at an average price of $23.15, for a total transaction of $1,960,249.40. Following the sale, the executive vice president directly owned 338,685 shares in the company, valued at $7,840,557.75. This trade represents a 20.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 295,080 shares of company stock valued at $7,208,998 over the last ninety days. 0.36% of the stock is owned by company insiders.

Hewlett Packard Enterprise Trading Up 3.8%

NYSE:HPE opened at $24.77 on Wednesday. The business’s 50-day moving average is $23.28 and its two-hundred day moving average is $21.78. The firm has a market capitalization of $32.69 billion, a PE ratio of -412.81, a price-to-earnings-growth ratio of 0.66 and a beta of 1.34. Hewlett Packard Enterprise Company has a 12 month low of $11.97 and a 12 month high of $26.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.01 and a quick ratio of 0.76.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Thursday, December 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The business had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.91 billion. Hewlett Packard Enterprise had a return on equity of 9.15% and a net margin of 0.17%.The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.250-2.450 EPS and its Q1 2026 guidance at 0.570-0.610 EPS. Research analysts predict that Hewlett Packard Enterprise Company will post 1.85 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, December 19th will be given a dividend of $0.1425 per share. The ex-dividend date of this dividend is Friday, December 19th. This is an increase from Hewlett Packard Enterprise’s previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.3%. Hewlett Packard Enterprise’s dividend payout ratio is presently -866.67%.

Hewlett Packard Enterprise Profile

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.